'Let's Just Finish the Job': Trump Confirms Iran Strikes to Likely Come Wednesday Night

Daily on Energy: Ceasefire over, Trump backs Texas transmission, and Arizona mining

WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! President Donald Trump announced that the ceasefire in Iran has ended, following the U.S. and Iran exchanging attacks overnight. The president also threatened to continue launching strikes at Iran. The escalation in the Middle East has sent oil prices back up. 🛢️🇺🇲🇮🇷 In other news, the […]

Oil Climbs as Trump Threatens Iran Strikes, Blockade | Bloomberg Businessweek Daily 7/8/2026

Today, Bloomberg's Tyler Kendall reports the minutes from the first FOMC meeting of Kevin Warsh's tenure as Fed chair. Then, Bloomberg Economics senior geoeconomics analyst Adam Farrar breaks down oil market reaction as the US threatens more strikes against Iran and a renewed blockade of the Strait of Hormuz. Plus, Stephanie Roth, chief economist at Wolfe Research, reacts to news that some Fed members initially saw the case to hike rates despite eventually falling in line with fellow committee members in holding rates. Then, Brian Dobson and Greg Pendy from Clear Street discuss their SpaceX buy rating and where they see the stock going. Finally, Bloomberg 'Business of Sports' podcast co-host Vanessa Perdomo-Maglione talks the Unites States' exit from the World Cup and the future of soccer in the US. (Source: Bloomberg)

Trump asks Supreme Court for rehearing over $5M E Jean Carroll civil judgment

Lawyers for Trump filed a rehearing petition after the Supreme Court rejected his appeal of the $5 million E. Jean Carroll civil judgment last week.

Iran’s ‘golden weapon’ of Strait of Hormuz became a greater priority than its nuclear program — here’s how

"Recognize the new Iranian order in the Strait of Hormuz: this is the only way forward," wrote Ebrahim Azizi, a member of the Iranian parliament's national ​security and foreign policy committee on social media, addressing the US.

Trump suffers stinging defeat as judge orders $5M payout to sex abuse accuser and rejects last-ditch delay

Donald Trump is asking a New York federal judge not to require him to pay $5 million to the woman he was found liable for sexually abusing until the Supreme Court can reconsider his appeal.

Trump ordered to hand over E. Jean Carroll's $5M after losing Supreme Court appeal: report

A federal judge has ordered President Donald Trump to release the more than $5 million payment he owes to E. Jean Carroll, a former magazine columnist who sued Trump for sexually abusing and defaming her, according to a new report. CNN reported on Wednesday that Judge Lewis Kaplan told Trump to release the money, along with accrued interest, after the Supreme Court refused to hear Trump's appeal in the case. The payment is part of the civil verdict that found Trump sexually abused Carroll in a department store in 1996, and then defamed her when he became president. Carroll has also secured an $83 million judgment from a jury in her defamation case against Trump. The president has until the end of July to appeal that ruling to the Supreme Court, according to the report. A spokesperson for the Trump administration told CNN in a statement, "The American People stand with President Trump as they demand an immediate end to all of the Witch Hunts, including the Democrat-funded travesty of the Carroll Hoaxes. President Trump will keep winning against Liberal Lawfare, as he continues to focus on his mission to Make America Great Again."

US Troop Withdrawal 'Will Not Be Drastic' Says NATO Military Committee Chair

Chair of the NATO Military Committee Admiral Giuseppe Cavo Dragone says they will be unaffected by the withdrawal of US troops, and believes the transition will be smooth. He spoke to Bloomberg Television's Oliver Crook on the sidelines of the NATO Summit in Ankara on Wednesday. (Source: Bloomberg)